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Year Ended March 31, 2024 (77th Term)
Financial Results Briefing
May 8, 2024
S.T. Corporation
Yo Kozuki, President & CEO
Regarding the governmental order to take measures
for preventing the false description of "MORILABO Series"
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Today's Briefing Agenda
① Report on the Financial Results Summary
②Full-year Earnings Forecast
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Summary of the Business Performance in FY3/24
■Decrease in net sales and profit
■The sales of CLOTH Care declined, and the sales of AIR Care fell below the forecast.
■Investment in R&D and pet care business
■Disposal of bad inventory
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D e c r e a s e i n n e t s a l e s a n d p r o f i t
Consolidated | Sales | Vs. | YOY | |
ratio | Forecast | |||
Net sales | ¥44.5 bn | - | 95.9% | 97.6% |
Operating profit | ¥1.3 bn | 3.0% | 54.8% | 55.5% |
Ordinary profit | ¥1.9 bn | 4.3% | 68.9% | 70.7% |
Profit attributable | ¥1.3 bn | 2.9% | 67.1% | 69.7% |
to owners of parent | ||||
Comprehensive | ||||
income attributable | ¥1.6 bn | 82.5% | ||
to owners of parent | ||||
Dividend: ¥42 (¥40 in the previous fiscal year) |
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FY3/24 | |||||
Actual | Sales ratio | YOY | |||
Net sales | ¥44.5 bn | - | 97.6% | ||
Cost of sales | ¥28.1 bn | 63.1% | 98.0% | ||
Gross profit | ¥16.4 bn | 36.9% | 96.8% | ||
Selling, general | ¥15.1 bn | 33.9% | 103.7% | ||
and administrative | |||||
expenses | |||||
Operating profit | ¥1.3 bn | 3.0% | 55.5% | ||
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Business category | Sales | Composition | YOY | |||
ratio | ||||||
Air Care | (Air Fresheners and | ¥20.3 bn | 45% | 103% | ||
Deodorizers) | ||||||
Cloth Care | (Mothproofing Agents) | ¥7.1 bn | 16% | 89% | ||
Thermal Care | (Disposable Warmers) | ¥4.2 bn | 9% | 90% | ||
Hand Care | (Household Gloves) | ¥5.7 bn | 13% | 97% | ||
Humidity Care | (Dehumidifiers) | ¥2.9 bn | 7% | 97% | ||
Home Care | (Other) | ¥4.3 bn | 10% | 101% | ||
Total | ¥44.5 bn | 100% | 98% | |||
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営業利益 5.7億円増加
Operating profit decreased 1,070 million yen
Fa c t o r s b e h i n d
i n c r e a s e
Increase owing to the raised selling prices Reduction of manufacturing costs, etc.
Decreases in loss on abandonment of goods, loss on valuation of inventory, etc.
Decreases in marketing expenses
Fa c t o r s b e h i n d
d e c r e a s e
Rising material costs | -1,567 |
Decrease due to lower sales quantities
Augmentation of SGA, excluding marketing expenses
Decrease due to selling price reduction
Sales deduction (such as rebates)
367 178
152
-708-686
-309-276
1,776
Unit: Million yen
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Initiatives for FY3/24
To concentrate on existing core businesses to enhance profitability
Measures for coping with the skyrocketing of costs for raw materials
To continue initiatives in growing fields
To establish the base for surviving the ESG era
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AIR Care
The sales of mainly high value-added products increased year on year.
The sales of the Premium Aroma series grew by 128%, thanks to the contribution
of new products, such as "For Sleep."
SHOSHURIKI | SHOSHURIKI |
Premium Aroma For Sleep | COMPACT FOR TOILET |
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S.T.Corporation published this content on 13 May 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 May 2024 06:17:05 UTC.